Royal Bank of Canada to Acquire Yarra Capital Management
Royal Bank of Canada (RBC) has entered into an agreement to acquire Yarra Capital Management Limited, an Australian active asset manager specializing in fixed income, equities, and alternative investment solutions. The acquisition is intended to serve as a strategic springboard for RBC Global Asset Management's growth ambitions within the Australian and Asia-Pacific markets. As of September 30, 2026, Yarra Capital Management manages approximately AUD 18 billion in assets with a team of roughly 75 employees. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals. RBC expects the deal to have no material impact on its Common Equity Tier 1 (CET1) ratio or future recurring earnings.
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